Lahontan Gold Corp. has announced additional analytical results from its 2025 maiden drilling program at the West Santa Fe project in Nevada's Walker Lane. The results include 48.8 meters grading 0.83 g/t Au Eq in hole WSF25-02R and 45.7 meters grading 0.64 g/t Au Eq in hole WSF25-05R, with mineralization beginning at surface and remaining open to the north and west. Management stated the results confirm a 500-by-350-meter surface expression of gold and silver mineralization with thicknesses ranging from approximately 35 to nearly 60 meters. The findings highlight oxide mineralization geometry that may support potential low strip ratio open pit mining. The company awaits final results from the 2025 program and advances planning for follow-up drilling.
The technical content of the announcement was reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101. The company's flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained. For more detailed technical information, please see the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project available on the company's website and SEDAR+.
The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The latest news and updates relating to the company are available at http://ibn.fm/LGCXF. These developments are significant as they demonstrate the expansion potential of mineralization beyond the main Santa Fe deposit, potentially adding to the project's overall resource base and economic viability. The near-surface nature of the mineralization at West Santa Fe suggests it could be amenable to low-cost mining methods, which is crucial for improving project economics in the current gold price environment. The confirmation of a substantial surface expression provides a clear target for future exploration and could accelerate development timelines. This news matters because it represents tangible progress in Lahontan Gold's strategy to bring the Santa Fe Mine back into production while simultaneously exploring satellite targets that could enhance the project's scale and longevity.
